| Who Supports the Trade Promotion Agreement
with Colombia?
America's Manufacturers!
U.S. manufacturers support trade with Colombia!
- Colombia offers U.S. manufacturers a great opportunity to increase exports in a growing market. Over the last 15 years, Colombia's GDP has grown at an average rate of 8.5%, according to the IMF.
- Small and medium-sized manufacturers will strongly benefit from the U.S.-Colombia agreement: over 7,700 small and medium-sized companies export manufactured goods to Colombia, representing 84% of total U.S. exporters to that market.
Manufactured goods are the vast majority of U.S. exports to Colombia!
- In 2007, the U.S. exported $6.9 billion worth of manufactured goods to Colombia - 81% of the total $8.5 billion in U.S. exports to Colombia.
- According to the National Association of Manufacturers, U.S. manufactured goods exports to Colombia grew 25% in 2007, 24% in 2006, and have grown by 134% over the past five years.
The trade agreement offers real advantages to the manufacturing sector!
- Due to the Andean Trade Preference Act, over 90% of Colombia's exports of manufactured goods to the U.S. enter our market duty free - they face no tariffs on their goods.
- U.S. manufactured goods face an average tariff of 14% in Colombia. This agreement will lower these tariffs to zero, in most cases immediately.
- Failure to pass the agreement could cause the U.S. to lose our strong position in the Colombian market as other countries such as Canada and the European Union enter into free trade agreements with Colombia.
The U.S.-Colombia Trade Promotion Agreement
is a great deal for U.S. manufacturers!
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|  | |  | | Did you know?
| | | Over 60% of Colombia's exports to the United States are oil and mineral fuels - crucial energy resources that are in high demand in the United States.
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| | | | Overheard
| | | ''The sale of Ohio-made products to Colombia is hampered by tariffs averaging as much as 15 percent. Conversely, nearly every product from Colombia now enters Ohio duty-free. Why are lawmakers allowing this disparity to continue?''
- John Engler, President, National Association of Manufacturers
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